Tuesday, April 13, 2021

V-Marc India IPO Details

V-Marc India IPOV-Marc India IPO description – V-Marc India is engaged in manufacturing and marketing of wires and cables. The company manufactures and sells a diverse range of wires and cables and its key products are single & multistrand cables, CCTV cables, LAN cables, coaxial cables, telephone switchboard cables, power cables (LT and HT cables upto 33kv grade), flexible & control cables, core flat cables, solar cables, wires and aerial bunched cables. The company sells its products through a diversified sales & distribution mix, majorly by

  • Securing government tenders for supply to government projects
  • Supply to EPC contractors for turnkey projects and 
  • Dealer & distribution network and direct sales to few private companies

It has completed 40, 25 and 19 government contracts during the financial year ended 31 March 2020, 2019 and 2018, respectively. As on 31 December 2020, it has a dealer network of more than 650 dealers spread over 12 states. Manufacturing is conducted at its two facilities located at Haridwar, Uttarakhand with a combined installed production capacity of 71,100 km per annum.

Promoters of V-Marc India – Vikas Garg and Meenakshi Garg
V-Marc India IPO details
Subscription Dates 25 – 31 March 2021
Price Band INR37 – 39 per share 
Fresh issue 60,00,000 shares (INR22.2 – 23.4 crore)
Offer For Sale Nil
Total IPO size 60,00,000 shares (INR22.2 – 23.4 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
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V-Marc India financial performance (in INR crore)

  FY2018 FY2019 FY2020 9M FY2021
Revenue 143.51 205.26 171.64 130.63
Expenses 139.85 198.15 165.22 125.24
Net income 2.24 4.89 4.65 4.02
Net margin (%) 1.6 2.4 2.7 3.1

Registrar of V-Marc India IPO

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

Valuation of V-Marc India IPO (FY2020)

Earnings Per Share (EPS): INR2.91
Price/Earnings (PE ratio): 12.71 – 13.40 
Return on Net Worth (RONW): 13.60%
Net Asset Value (NAV): INR21.43 per share

V-Marc India IPO Subscription Details

Day

Subscription (no. of times)

Day 1

0.50

Day 2

0.63

Day 3

0.63

Day 4

0.93

Day 5

1.54

V-Marc India Contact Details

V-Marc India Limited
Plot No. 3, 4, 18, 20A,
Sector IIDC,
SIDCUL Haridwar,
Uttarakhand-249403
Phone: +91 1334-239638
Email: [email protected]
Website: www.v-marc.com

V-Marc India IPO Allotment Status

V-Marc India IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing Performance of V-Marc India

IPO Opening Date: 25 March 2021
IPO Closing Date: 31 March 2021
Finalisation of Basis of Allotment: 6 April 2021
Initiation of refunds:
7 April 2021
Transfer of shares to demat accounts:
8 April 2021
Listing Date
: 9 April 2021
Opening Price on NSE SME: INR46.5 per share (up 19.23% from IPO price)
Closing Price on NSE SME: To be updated

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